| USO latest price $68.0500 (3.26%) ($66.4600 - $68.2200) on Wed. Jan. 11, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.16% (three month average) |
RSI | 57 |
Latest Price | $68.0500(3.26%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.2% a day on average for past five trading days. |
Weekly Trend | USO declines -1.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(69%) OIH(68%) XOP(68%) VYM(34%) XME(33%) |
Factors Impacting USO price | USO will decline at least -1.08% in a week (0% probabilities). BNDX(-17%) SHY(-16%) UUP(-15%) VXX(-13%) TLT(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.08% (StdDev 2.16%) |
Hourly BBV | 1.8 () |
Intraday Trend | 1.2% |
| |
|
|